Impact of mining industry growth on sustainable development indicators

Saint Petersburg Mining University, Saint Petersburg, Russian Federation

Abstract

Recently, the idea of sustainable development has become moreand more widespread, which is why many countries and companies have questions about how to assess the correctness and compliance of their actions with this trend. This topic is particularly relevant for countries with resource-based economies. This paper examines various approaches to this assessment using the mining industry as an example. It alsotests the hypothesis of whether the activities of the mineral sector can contribute to the development of the country in the unity of economic, social and environmental components by conducting a correlation analysis in this work. The study was conducted on the example of Mongolia as a country with a resource-based economy.